Common use of Release of Xxxxxxx Money Clause in Contracts

Release of Xxxxxxx Money. In the event a dispute arises prior to the release of Xxxxxxx Money held in escrow, the escrow holder shall retain said Xxxxxxx Money until one of the following occur: 1) A written release is executed by Xxxxx and Seller agreeing to its disbursement; 2) Agreement of disbursement is reached through Mediation; 3) Interpleader or legal action is filed, at which time the Xxxxxxx Money shall be deposited with the Court Clerk; or 4) The passage of thirty (30) days from the date of final termination of the Contract has occurred and options 1), 2) or

Release of Xxxxxxx Money. In the event a dispute arises prior to the release of Xxxxxxx Money xxxxxxx money held in escrow, the escrow holder shall retain said Xxxxxxx Money xxxxxxx money until one of the following occur: 1) A written release is executed by Xxxxx and Seller agreeing to its disbursement; 2) Agreement of disbursement is reached through Mediation; 3) Interpleader or legal action is filed, at which time the Xxxxxxx Money shall be deposited with the Court Clerk; or 4) The passage of thirty (30) days from the date of final termination of the Contract has occurred and options 1), 2) or

Release of Xxxxxxx Money. In the event a dispute arises prior to the release of the Xxxxxxx Money held in escrowMoney, the escrow holder Escrow Holder shall retain said Xxxxxxx Money until one the earlier to occur of the following occur: 1(i) A a written release is executed by Xxxxx Buyer and Seller agreeing to its disbursement; 2, by agreement or mediation; or (ii) Agreement of disbursement is reached through Mediation; 3) Interpleader interpleader or legal action is filed, at which time the Xxxxxxx Money shall be deposited with the Court Clerk; or 4) The passage of thirty (30) days from the date of final termination of the Contract has occurred and options 1), 2) or.